Economists hope lawmakers can avert a "fiscal cliff" after November's election, but what if Congress runs out of time?
Credit Pablo Martinez Monsivais / AP
Members of Congress are about to flee Capitol Hill, and they'll be gone until Nov. 13, one week after Election Day.
As they shift to full-time campaigning, lawmakers are leaving behind many questions about the "fiscal cliff," a massive cluster of automatic spending cuts and tax-break expirations that come together around year's end.
Though fresh data from the Census Bureau show that the number of Americans living in poverty edged higher in 2011, its latest American Community Survey also signals that after a Great Recession and a painfully slow recovery the U.S. economy may finally be bottoming out.
And Chick-fil-A fast food restaurants became the focus a few weeks ago of protests and counter-protests, after the CEO of the restaurant chain said he opposed same-sex marriage. Now, after a change in policy the chain, a Chicago alderman says he will no longer stand in the way of Chick-fil-A opening in his neighborhood.
NPR's business news begins with good news for Google.
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INSKEEP: The search giant is expected to be the top firm in online display advertising revenue this year, according to analysts at the industry news site eMarketer. If their prediction comes true - if - Google will unseat the reigning online ad champ Facebook, which would be a blow for Facebook, which only last year managed to beat back the previous top-earner, Yahoo.
We also have a correction for you this morning. Two reports in our air in recent days listed Americans who do not pay income taxes, and those lists included mentions of active duty-military service members. Those statements were too broad.
RENEE MONTAGNE, HOST:
Military personnel do pay federal income tax. But there are exemptions for some, including those who are serving in designated combat zones.
Apple and Samsung remained locked in their high stakes patent dispute. A Silicon Valley jury last month ordered Samsung to pay Apple more than $1 billion for infringing on its patents. Samsung is fighting in court and with a new aggressive marketing campaign for its Galaxy smartphones.
Nearly 13 million Americans have gotten, or will soon be getting, rebates from their health insurance companies. This is because of a provision in the Affordable Care Act (aka Obamacare) that's supposed to force insurance companies to run better.
But while the idea of getting a check from your health insurance company may sound great, some economists worry this rule could actually make health insurance more expensive.